It was a busy week for CatchlightAIa technology platform that enriches, analyzes and scores for wealth management firms, announced an invitation-only beta of its new Lead Routing decision support model. The company also won a 2024 WealthManagement.com Industry Award for marketing automation at Thursday's Wealthies gala in New York City (won the same award in…

(Bloomberg) — Morgan Stanley was fined $2 million by a Massachusetts regulator over stock sales by a First Republic executive in the months leading up to the California lender's collapse last year. Morgan Stanley will pay $2 million to settle the investigation by the Massachusetts Securities Division, according to a spokesman for the regulator. Related:…

(Bloomberg) — Morgan Stanley was fined $2 million by a Massachusetts regulator over stock sales by a First Republic executive in the months leading up to the California lender's collapse last year. Related: JPMorgan tells 1,000 First Republic employees they will lose their jobs Morgan Stanley will pay $2 million to settle the investigation by…

WealthManagement.comthe leading resource for advisors and estate planners, announced the winners for 2024 WealthManagement.com Industry prices (“The Rich”) on Thursday night during a black-tie awards gala at the Ziegfeld Ballroom in New York City. Now in its 10th year, WealthManagement.com The Industry Awards is the only awards program to honor outstanding achievements by companies, organizations…

Proactive customer engagement through technology has become paramount, meaning the role of CRM has evolved. In an increasingly uncertain economic environment, advisors must future-proof their business models to scale operations and expand their reach. A key area to review is their CRM system, which has become crucial for providing personalized service and increasing customer engagement….

(Bloomberg) — Out with the new, in with the old. At least that's the idea of ​​Rob Arnott's first exchange-traded fund — the Research Affiliates Deletion ETF — which, upon debut, will seek to buy companies that have recently been delisted from major indexes. The fund, which Arnott says is scheduled to launch next week,…

(Bloomberg) — Focus Financial Partners relaunched a $3.65 billion credit package after previously withdrawing the deal amid global market turmoil that curbed debt issuance last month. The transaction resumed on Wednesday on the same terms as the previous deal, according to a person with knowledge of the matter, who asked not to be identified as…

This month's headlines have us quite optimistic about the direction of the WealthTech industry. Here are the five stories we wanted to cover for the September Word on WealthTech. Having a lot of digitally savvy, forward-thinking people running a legacy, but highly scalable, ubiquitous technology opens up some really interesting doors for the industry. If…

Private equity firm GTCR has completed the acquisition of AssetMark Financial Holdings, the parent company of AssetMark, a provider of asset management and turnkey technology. With the acquisition, AssetMark has been delisted from the public markets and is now an independent, privately owned company. Brand of Wealth announced that it had agreed to the sale…

On paper, extended succession plans, like Merrill's recently announced CTP, are not the same for retiring advisors as for heirs. However, the reality is more nuanced. Merrill is not alone in offering a retirement program like CTP. All four offices have similar programs (also referred to as sunset deals or internal legacy deals), each designed…